Bitcoin (BTC), the world's first and largest cryptocurrency, has hit a roadblock after crossing the $100,000 psychological barrier.
As Bitcoin continues to trade below the $100,000 mark for the past seven days, several factors are contributing to this stagnation. Here's a closer look at the key reasons behind Bitcoin's inability to cross the six-figure threshold:
1. Market Shifts Toward Web3 Gaming
With Bitcoin's price encountering resistance at lower levels, attention is shifting toward the burgeoning Web3 gaming sector. This emerging domain is emerging as a beacon of hope for innovation and new opportunities within the cryptocurrency landscape.
By integrating blockchain technology, decentralized finance (DeFi), and gaming, Web3 projects are garnering substantial interest from investors seeking fresh avenues of growth.
As Bitcoin faces challenges from macroeconomic factors, regulatory hurdles, and seasonal corrections, the spotlight is turning to alternative sectors like Web3 gaming to reignite market optimism and propel the next wave of growth in the crypto space.
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